TCS Kicks Off Q2 Earnings Season With Strong Growth Predictions
Tata Consultancy Services (TCS) initiates the Q2 earnings season this Thursday. Analysts forecast a net profit growth ranging from 3.7% to 9.6% year-on-year (YoY), with revenue expected to increase by 0.7% to 2.2%.
The projected net profit for TCS is Rs 12,346 to 13,058 crore, with revenue anticipated to reach Rs 64,200 to 65,700 crore. Brokerages have a consensus 'buy' rating with a median price target of 3,558.84 INR, indicating a potential 19.68% upside from the last closing price of 2,973.70 INR.
Among the analysts, Nuvama is the most optimistic about TCS's net profit growth. However, estimates vary among different brokerages, with HDFC Securities having the most conservative estimate for net profit (PAT).
TCS's Q2 results are expected to demonstrate growth in both net profit and revenue, with analysts' predictions ranging from cautious optimism to high confidence. The company's earnings season commences on Thursday.
